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APRIL 26, 2024

CTL BHP 2025 International Expo & Conference generating tremendous global interest Authorized Economic Operator (AEO) Programme Appointment of Client Relationship Manager (CRM) within the jurisdiction of Chief Commissioner of Customs, Mumbai-II KPMG in India and Arkieva announce alliance to drive digital supply chain solutions Complete framework for end-to-end supply chain digitalisation launched CONCOR & CSLA hold discussions on enhancing logistics efficiency & facilitating seamless service GCCI felicitates outgoing DPA Chairman S. K. Mehta WCO Smart Customs Project launches global survey on disruptive technology adoption in Customs Port charges to increase at Basrah Oil Terminal New LPG import terminal commissioned at Krishnapatnam Augmentation of facilities at Kakinada Port completed Vizhinjam Port's trial run of cargo operations likely next month Cargo ships attacked again in Gulf of Aden MSC and GSBN collaborate to boost safe transportation of lithium batteries Port of Antwerp-Bruges facilitating close cooperation between the chemical industry and energy transformation in Europe DP World inks agreement to manage Sapangar Bay Container Port in Malaysia Gujarat Maritime Board traffic in 2023-24 US consumer spending changes

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APRIL 26, 2024

ACS picks new head of Swiss office RCG buys three Euro Duals A smooth transition Cargolux posts profit in 2023 Dachser to expand near Karlsruhe Pallet Truck welcomes fifth new member New digital release process for German seaports GSE at FCO CN: changes at the helm French group, Italian subsidiary Terminal opened in Georgia Intercepting stolen cars Air China Cargo and TAM Group extend partnership "Curiosity of the Day" A CEO for the Caribbean A sustainable centre in Suffolk UK forwarder gets two HGVs with multi lock Wärtsilä to deliver methanol engines to China

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APRIL 25, 2024

Maersk claims West Med terminal congestion easing Norfolk Southern uses earnings call to derail activist investor claims Conf call redux: does Kuehne + Nagel know its toys from its teus? Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban Another drag on UPS Supply Chain Solutions QR Cargo's new animal facility set to fly Maersk Air Cargo applies to operate aircraft in UK AD Ports faces DP World in Luandan venture UK stowaway rule risks collapsing haulage sector ESG legislation requires a continuous approach to risk monitoring Photo blog: Qatar Airways' new live animal centre

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APRIL 25, 2024

Houthis in failed attack on U.S.-flagged Maersk Yorktown After a period with few reports of Houthi activity, the Iranian-backed group has resumed its targeting of merchant shipping, with Al Arabiya and other regional news outlets quoting the Houthi's military spokesman

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APRIL 25, 2024

Decline in global bunker indices During the 17th week of the year, the global Marine Bunker Exchange (MABUX) indices saw a slight downturn. The 380 HSFO index dropped by US$3.01 to US$550.73/MT. Similarly, the VLSFO index experienced a decrease of US$5.85 reaching US$688.77/MT, consistently remaining below the US$700 threshold. Additionally, the MGO index also declined by US$16.81 to US$876.93/MT. "At the time of writing, the gl CMA CGM applies new peak season surcharges from Asia to West Africa In an ongoing commitment to enhance service reliability and efficiency, CMA CGM has announced the implementation of two Peak Season Surcharges (PSS). The first PSS will take effect from 29 April 2024 (loading date) until further notice. It applies to shipments originating from China to the West Africa Central Range, encompassing destinations such as Nigeria, Côte d'Ivoire, Benin, Ghana, Togo, and DP World and Sabah Ports forge partnership to enhance capacity at Sapangar Bay Container Port DP World and Malaysia's Sabah Ports have forged a partnership aimed at enhancing the management of Sapangar Bay Container Port (SBCP), solidifying its stature as the primary regional trade hub within the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA). Sabah Ports, a wholly owned subsidiary of Suria Capital Holdings, a Malaysian publicly listed investment holdi MSC strengthens UK west coast - East Med service Swiss/Italian box carrier MSC has extended its UK west coast - East Mediterranean service to the port of Greenock in Scotland. The service connecting Turkey with the UK West Coast and the Mediterranean will have the following rotation: Liverpool (UK) - Greenock (Scotland) - Liverpool (UK) - Portbury (UK) - Le Havre (France) - Izmir (Turkey) - Gemlik (Turkey) - Gebze (Turkey) - Tekirdag (Turkey) - Four seafarers missing after ship hits bridge in China Four crewmen of a Chinese domestic cargo ship are missing after the vessel hit Jiujiang Bridge in Foshan in China's Guangdong province on 22 April. The ship, whose name was not released, was carrying 4,900 tonnes of rolled steel along the Yangtze River from Fuzhou in Fujian province to Heshan in Guangdong province, when at 9.20 pm local time, it hit the base of one of the bridge pillars. Built in Houston ship channel maintains top ranking in US tonnage At their monthly meeting, the Port of Houston Authority's Port Commission met under the chairmanship of Ric Campo, who highlighted that the Houston Ship Channel maintains its leading position among the US waterways. This recognition was recently affirmed by the U.S. Army Corps of Engineers in their release of the U.S. Coastal and Inland Navigation System 2022 Transportation Facts & Information Re Kuehne+Nagel opens new automotive spare parts center in Germany Kuehne+Nagel, a leading logistics provider for the automotive sector, now operates a 170,000m² spare parts fulfilment and delivery centre in Wallersdorf, Germany. From this location, spare parts are distributed to BMW markets globally. Kuehne+Nagel handles the physical receipt of goods, pre-packaging, management of packaging materials and empties, and loading goods onto shuttles for dispatch to B Bahrain Steel and APM Terminals Bahrain conduct study to boost safety and efficiency Bahrain Steel, a major producer and global supplier of iron-ore pellets, along with APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, have concluded an innovative study aimed at enhancing safety and efficiency standards, with the ultimate goal of increasing volumes at Bahrain Steel's Port Terminal, which is presently operating at maximum capacity. Over two years, under the guidance Port of Oakland handles over 200,000 TEUs in March In the previous month, the Port of Oakland saw a significant uptick in container volume, with 202,816 TEUs passing through its facilities, marking a 19.1% increase compared to March 2023. Import activity at the Oakland Seaport continued its upward trajectory for the fifth consecutive month, with a notable 38.4% surge compared to March 2023. Port operators handled 83,483 full inbound TEUs in March

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APRIL 25, 2024

Diana Shipping fixes out ultramax to Bulk Trading New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Bulk Trading for one of its ultramax dry bulk vessels. Bulk Trading hired the 2017-built, 60,456 dwt bulker DSI Phoenix. The gross charter rate is $16,500 per day, minus a 5% commission paid to third parties, for a period until ... CMA CGM reveals details of $214m French shipping decarbonisation fund French liner CMA CGM and French public sector investment bank Bpifrance have launched a €200m ($214.5m) fund to push forward the French maritime industry's energy transition. Of the €200m, €20m will go to help decarbonise fleets of French shipping firms, €110m and €50m will be assigned to grants and equity investments, respectively, for maritime decarbonisation ... Avenir LNG back at CIMC SOE for LNG bunker newbuild brace Avenir LNG has returned to China's Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for a pair of 20,000 cu m LNG bunker vessel newbuilds. The London-based outfit did not reveal the value of the contract but said the newbuilds would be delivered in the fourth quarter of 2026 and the first quarter of 2027. ... North Sea Shipping adds to offshore fleet Norway's North Sea Shipping has recently purchased and taken delivery of the former vessel Horizon Enabler from Horizon Maritime. The multipurpose ROV and light construction vessel has been renamed North Sea Enabler and will join the North Sea Shipping fleet that counts now four specialised offshore vessels. The 2010-build unit has been on a long-term charter ... Vestland reveals PSV extensions with BP Norway's Vestland Offshore has unveiled two long-term charter extensions with UK supermajor BP. The 2011-built platform supply vessels Vestland Artemis and Solvik Supplier have been fixed for five and four years respectively. Both ships have been working in the North Sea for several years. Brokers earlier reported the units contracted to BP until May and ... More than 4,000 ship engines caught up in Japanese fuel data scandal An investigation is underway in Japan with overtones of the famous Volkswagen emissions scandal. More than 4,000 ship engines could be affected. The transport ministry sent inspectors to two factories belonging to IHI Corp today after the Japanese manufacturing giant admitted it had falsified fuel economy data for ship and railway engines for at ... Constantin Baack promoted to chief executive role at MPC Capital Constantin Baack, the chief executive of Oslo-listed tonnage provider MPC Container Ships has been selected to take the helm at German asset and investment manager MPC Capital. Baack will take over from Ulf Holländer who will step down from the CEO role he has held for nine years. Holländer will move to the supervisory board ... Rhino Resources taps Halliburton for Namibian well construction gig Houston-headquartered energy service giant Halliburton has been awarded a deepwater multi-well construction contract in Namibia by Africa-focused oil and gas firm Rhino Resources. Under the agreement, Halliburton will construct exploration and appraisal wells and provide testing services. The US firm will also extend its country operation facilities to support all product service lines from Namib Wah Kwong books two ultramax newbuilds at New Dayang Wah Kwong has returned to New Dayang Shipbuilding for more ultramax bulk carrier newbuilds. The Hong Kong-based diversified shipowner has contracted the shipbuilding arm of state-run machinery manufacturer Sumec Group for a pair of Crown 63 Plus design vessels. No price or delivery dates were disclosed. Brokers are pricing similar newbuilds in China at about ... Egypt's National Navigation signs for kamsarmax newbuilds in China Egypt's National Navigation Company (NNC) is set to expand its fleet with a pair of kamsarmax bulk carrier newbuilds from China. The Cairo-based owner has commissioned Jiangsu Hantong Ship Heavy Industry to build and deliver the 82,000 dwt units in 2026. Established in 1981, National Navigation owns a fleet of 14 vessels flying the Egyptian ... Coal shipments targeted by Colombian drug cartels Cocaine became Colombia's largest export last year in US dollar terms, surpassing oil and coal, according to data from Bloomberg. Increasingly drug cartels are turning to coal shipments as a way to export their goods, using chemicals to create fake coal. Law firm A&A Multiprime Corp has released its 2024 Colombia Drug Smuggling Report, offering ... US reveals plans for up to 12 offshore wind auctions through 2028 US Secretary of the Interior Deb Haaland has announced a new five-year offshore wind leasing schedule which includes up to 12 potential offshore wind energy lease sales through 2028. The leasing schedule includes four potential offshore lease sales in 2024, one each in 2025 and 2026, two in 2027, and four in 2028. In 2021, ... Operators sought for Cape Town's liquid bulk terminal South Africa is pressing ahead with a long-awaited port privatisation programme despite some ongoing problems with a first tender. State-run Transnet National Ports Authority (TNPA) is seeking tenders to develop Cape Town's liquid bulk terminal in a 25-year concession. Earlier Transnet granted a 25-year contract to International Container Terminal Services Inc (ICTSI) to manage the ... Houthis resume attacks on shipping After a break of more than two weeks, the Houthis from Yemen struck back at ships yesterday. The militants took aim at the Maersk Yorktown and an American destroyer in the Gulf of Aden, as well as firing at the MSC Veracruz in the Indian Ocean. There were no reports of any of attacks actually ... BHP bids for Anglo American In one of the largest potential mining mergers in more than a decade, London-listed Anglo American has confirmed it has received an "unsolicited, non-binding and highly conditional" proposal from Australia's BHP, the world's largest mining company. Anglo said that as part of any deal BHP was proposing spin-offs of two Anglo units in South Africa- ...

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APRIL 25, 2024

US targeting of Iranian oil shipments continues as major front targeted The US is continuing to slap sanctions on ships and companies facilitating sales of Iranian oil for the benefit of... CMA CGM offers $214m fund to finance decarbonisation projects Public sector investment bank Bpifrance will manage the majority of the fund, which will also finance research projects within the... African states lack resources to police fake flag registries, IMO hears Vessels flying the flags of some West African states have been restricted from calling at UAE ports in 2024 as... MAN claims its ammonia engine's N20 emissions are 'extremely low' MAN continues to test its ammonia dual-fuel engine and hopes to deliver its first motor later this year Gas carrier fleet shipping Iranian LPG expands as exports boom Scrutiny of Iran's sanctioned energy trade tends to centre on the oil exports and the dark fleet servicing it. However... UK Club beefs up loss prevention work The move will see safety and risk management, claims and underwriting teams work more closely together to adapt cover offered... Shipping markets no longer just about supply and demand, says Norden's Rindbo 'The ability to stay nimble to react to changes in shipping markets is more important than ever,' says Norden chief executive India allows three more Russian entities to provide marine insurance Move will facilitate imports of crude in face of Western price cap Hanwha Ocean racks up Q1 profit backed by strong growth in LNG carrier business LNG carrier sales and the weak Won have contributed to the turnaround MPC Container Ships splits top job MPC Container Ships' Baack is to replace Ulf Holländer in the top role at the company's largest investor. His role... Maersk boxship likely target of Red Sea attack After a two-week lull in activity, Iran-backed militant group the Houthis have launched several attacks at shipping in the Red... DP World upgrades partnership in East Malaysia to boost container port capacity Partnership plans to develop the port to be a hub for Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area markets Daily Briefing Why increasing North Korean shipments have sparked sanctions scrutiny concerns | IMO divided on how to tackle fraudulent ship registries...

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APRIL 25, 2024

Knight-Swift girds truckload operations, awaits 'catalyst' for market upturn Cost and pricing pressures are tightening truckload margins, but Knight-Swift CEO Adam Miller sees supply and demand getting "closer to a balance." Breakbulk24: Shipping should watch for impact of elections on climate rules: S&P The shipping industry is facing a prolonged period of geopolitical instability, attendees at the Journal of Commerce's Breakbulk & Project Cargo Conference were told Thursday. ODFL steers steadily toward LTL revival, citing manufacturing gains The second-largest US LTL provider is protecting its "excess capacity," and investing in terminals, equipment and people while waiting for improved freight demand. Rate slide slows on Asia-Europe ocean trade, with hefty hikes set for May But major forwarders do not expect the Red Sea ship diversions to provide any meaningful lift in Asia-Europe rates beyond the second quarter. US freight recovery 'likely in couple of months': ACT Research With Class 8 truck orders dropping, ACT Research believes rising US freight demand will hit tightening truck capacity sooner rather than later. Opinions mixed on potential for disruption as ILA contract deadline inches closer The risk of a strike along the East and Gulf coasts stems from the ILA believing it is entitled to a fair share of the ocean carriers' pandemic windfall of over $400 billion, as estimated by one industry analyst. Hapag-Lloyd widens net amid total shift to electronic bills of lading Three years after launching its electronic bill of lading product with WaveBL, the carrier is accelerating its move to eBL by striking a deal with a second vendor.

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APRIL 25, 2024

US blacklists tankers to target Iranian oil sales and drone shipments Blacklistings of vessels and shipping companies are the first since Iran's missile attack against Israel Small general cargo ship becomes first to transit Baltimore channel after bridge collapse Six ships remain in area shut-in by casualty as draught remains limited in temporary shipping channel Kirby's coastal fleet buoys earnings as customers flock to larger Jones Act vessels Tank-barge operator sees strong demand in both inland and coastal fleets Podcast: Meet the young entrepreneur putting the wind in container shipping's sails Green Seas audio edition sits down with Danielle Southcott, chief executive of Veer Group MSC ship suffers near miss in Gulf of Aden after suspected Houthi missile attack Flare-up of rebel group's activity after brief lull sees second vessel attacked off Yemeni port Public vs private: Why a $2.7bn listed shipping company isn't big enough and raising money is always 'humbling' This week's Streetwise takes a look at the how shipowners make both private and public models work Royal Caribbean chief shouts 'wow' as cruise giant lifts expectations for 2024 Company is in record booked position for year ahead Cleaves Securities boss Per Olav Karlsen explains 'nonsense' bankruptcy reports CEO of Norwegian investment bank tells TradeWinds that Scandinavian media claims are well wide of the mark MSC ship suffers near miss in Gulf of Aden after suspected Houthi missile attack Flare-up of rebel group's activity after brief lull sees second vessel attacked off Yemeni port Ship suffers near miss in Gulf of Aden after suspected Houthi missile attack Flare-up of rebel group's activity after brief lull sees second vessel attacked off Yemeni port MH Simonsen orders eight hybrid methanol tankers at reborn Chinese yard Order spree continues for Jiangxi New Jiangzhou Shipbuilding 'It's still a volatile business' but what goes down must come back up, says Norden boss Jan Rindbo CEO says Danish company is equipped to handle the volatility and create returns for investors Avenir LNG dives in with order for LNG bunker vessel newbuilding duo Joint venture embarks on second phase of growth strategy as it boosts owned fleet to seven ships Grieg stays in the black even as freight rates fall back down to earth Private Bergen owner saw the market normalise in 2023 following highs in 2022 Aframax oversupply hits rates amid Canada pipeline delay fear The $34m Trans Mountain Expansion is due to open on 1 May but oil companies are concerned about possible delay Greek shipowners overtake Germany as kings of the container ship charter market End of an era as boxship charter market fleet continues to shrink Secondhand tanker bids show values heading to new highs MR and aframax interest said to be driving the next wave of S&P EU ready to sanction North Korean ships delivering arms to Russia New measures also expected to include sanctions against tankers flouting oil price cap Strong start for Bureau Veritas as newbuilding activity spikes French classification giant says vessel orders up 21% in the first quarter Viken JV aframax auctioned in Gibraltar emerges with Greek owner An entity controlled by Gotsis family firm Eurotankers is listed as the new owner of modern aframax Wah Kwong inks bulk carrier orders in China Hong Kong shipping company orders two ultramaxes Poland's Gaz-System inks FSRU time charter with MOL Energy company adds right-to-buy option for regas unit as two parties seal deal on Gdansk facility RINA tops Australian port state control detention rate league Most IACS member class societies kept detention rates in low single-digit figures, data shows MPC Capital boss Ulf Hollander steps aside as MPC Container Ships CEO Constantin Baack takes over Generational change taking place at Hamburg asset manager 'Not going to hide': Rock music-blasting tycoon Rodolphe Saade steps into the spotlight CMA CGM supremo talks crises, media expansion and his hopes for the next generation of his family MPC Container Ships banks $55m financing for dual-fuel methanol newbuildings Hamburg-based shipowner names finance chief Moritz Fuhrmann co-CEO Biden signs Iran oil sanctions measures into law Measures targeting Iran-China trade were part of a broader law to supply military aid to Ukraine Subsea 7 enjoys the sun as warm weather countries drive profitability Oslo-listed offshore owner remains on track for 2024 revenues as high as $6.5bn Norden profit hit by huge trading loss as bulker operating margins slide Freight Services & Trading division was caught out by markets and booked a huge loss MPC Capital boss Hollander steps aside as MPCC CEO Baack takes over Generational change taking place at Hamburg asset manager SpareBank 1 bucks trend as shipping lending returns to growth Norwegian bank also grows oil and gas books Pareto Bank's shipping loan book grows, buoyed by offshore subsea segment Norwegian lender mandates banks for NOK 150m bond issue Thwarted Houthi missile attack was targeting US Maersk vessel Yemeni group also makes unconfirmed claim of long-distance strike against MSC boxship in the Indian Ocean Capesize chartering set for further consolidation as BHP bids for mining rival Deal could be first big mining company tie-up in a decade with implications for the dry bulk market

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APRIL 25, 2024

Gulf Coast ports report cargo volume surge in March Cargo flows expanded at ports in Houston, New Orleans and Mobile in March but fell slightly at the Port of Corpus Christi.